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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dominick who wrote (8099)	4/29/2000 3:33:00 PM
From: OZ	Respond to of 18137

I like n2growthe's version. Where they first determine which stocks in the index are equal to or greater than the market. Same thing except that they buy all stocks that are looking strong irrespective of any index. It is their buying along with other smart money that pushes the index up (as LPS5 alluded to) and gets in people that are using the strategy that you are talking about. It is the people that buy with the most information risk (lack of large amounts of confirmation) that assume the lesser price risk. As more info gets out (and buyers in) the closer you are to the top of a move and your price risk increase. Also we have made an assumption that we are only buying stocks in an index. Many of the best stocks to daytrade are not in an index (though are part of the sector). I will say that when the SOX is screaming (or any index) of course more emphasis is placed on that sector. But other stock that are not part of that sector are being bought too. Regards, OZ